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Illinois Park

ELGIN, IL 60123

Real Estate Market Report  ·  Kane County
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60123

Illinois Park

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ELGIN, IL real estate market (60123) currently shows 73 active listings, with 46 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 31 days on market compared to 38 days last year.

The median listing price has fallen 5.8% year-over-year, from $310,000 to $291,900.

Whether you are buying or selling in ELGIN, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 49,537  ·  Density: 1,369.4/mi²  ·  Median household income: $82,358

Typical home value: $231,426  ·  Homeownership: 69.7%

Market Overview

Active Listings
73
⇩ 8.8% vs 80 last year
Pending
46
63% pending ratio
Median Price
$291,900
⇩ 5.8% vs $310,000 last year
Average Price
$303,720
⇩ 2.9% vs $312,898 last year
Days on Market
31
⇩ 18.4% vs 38 days last year

Price Per Square Foot

Median $/sqft
$203
⇧ 4.6% vs $194/sqft last year
Median Home Size
1,390 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 73 this year vs 80 last year
  • Days on market: 31 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $291,900 (-5.8% YoY)
  • Average: $303,720 (-2.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.7 miles — 681 listings ($350,078,041 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60123Elgin, IL 601230.0 mi68$19,675,868$279,450$289,351
60120Elgin, IL 601203.8 mi47$15,709,985$298,725$334,255
60118Dundee, IL 601184.7 mi45$28,773,855$478,750$639,419
60110Carpentersville, IL 601105.8 mi44$12,983,432$276,250$295,078
60103Bartlett, IL 601036.9 mi82$37,906,058$414,993$462,269
60175Saint Charles, IL 601757.6 mi43$56,183,155$779,475$1,306,585
60174Saint Charles, IL 601747.8 mi69$55,142,523$624,500$799,167
60133Hanover Park, IL 601339.7 mi65$21,559,785$328,250$331,689
60194Schaumburg, IL 6019410.3 mi32$13,861,760$323,450$433,180
60156Lake In The Hills, IL 6015610.6 mi45$18,884,835$422,475$419,663
60193Schaumburg, IL 6019311.3 mi107$45,888,662$374,975$428,866
60185West Chicago, IL 6018511.3 mi31$22,758,123$551,225$734,133
60195Schaumburg, IL 6019511.7 mi3$750,000$250,000$250,000

Frequently Asked Questions

How many homes are for sale in ELGIN, IL 60123?

As of March 2026, there are 73 active listings in ELGIN, IL (zip code 60123), compared to 80 the prior year.

What is the median home price in ELGIN, IL 60123?

The median listing price in ELGIN, IL 60123 is $291,900 as of March 2026, a 5.8% decrease from $310,000 the prior year.

How long do homes stay on the market in ELGIN, IL?

Homes in ELGIN, IL 60123 spend an average of 31 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in ELGIN, IL 60123?

Based on current inventory and days-on-market data as of March 2026, ELGIN, IL 60123 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 31 days on market compared to 38 days last year.

How much can I save on real estate commission in ELGIN, IL?

With SELL123.com's maximum 3% commission, sellers in ELGIN, IL 60123 save an estimated $5,838 compared to a typical 5% commission on the median listing price of $291,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.